Crude oil slides on business data

Crude oil prices slipped to less than $92 per barrel overnight as key business indexes showed activity slowing in China's and Europe's service sectors. The Purchasing Manager's Index for services in China dropped to 53.7 in September, a decline from August's 56.3 reading. In Europe, the service sector PMI came to 46.1 in September, a small improvement from August, but still showing contraction, as numbers below 50 indicate business activity slowing down. On the New York Mercantile Exchange, West Texas Intermediate crude oil for November delivery shed 71 cents to $91.18 per gallon. Natural gas prices shed 4.8 cents to $3.483 per million British thermal units. Home heating oil shed 1.37 cents to $3.1118 per gallon. Reformulated blendstock gasoline lost 4.29 cents to $2.8263 per gallon. At the pump, the average price for a gallon of regular unleaded gasoline was $3.782 per gallon, up from Tuesday's $3.78, AAA reported.